Moving from Environmental Economics to Ecological Economics: What Difference Does it Make for Forest Management Under the Carbon Market Framework?

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2011

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Abstract

"The conceptualisation of nature in environmental economics disregards the most important principle in the relationship between the economic system and its natural environment. A comparative analysis shows that the approach from environmental economics orients natural resources management to a merely strategic rationale where the dynamics, changes and responses of ecosystems are ignored in both theory and practice. In contrast, ecological economics gives a leap forward into a shift in the opposite way by providing an energetic flow approach for understanding the impacts of the economic-nature interaction. However, even ecological economics broadens the comprehension on the subject there is still a disconnection between the new knowledge and the policy making process. The successful transfer would have enormous differences in forest management, shifting from the current perspective of them as carbon credits producers for offsetting to a reconstructed framework based on biophysical principles."

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environmental economics, ecological economics, forest management

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